705, V3 Tower
Sold prices and rental history: sold twice, last in April 2016, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 705, V3 Tower
What is 705 worth today?
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Source: Dubai Land Department. Updated 15 June 2021.
Key facts
- Type
- 2-bed apartment
- Size
- 1,625 sqft
- Floor
- 7th of 37
- Parking
- 1
- Developer
- Sheikh Suroor Bin Mohd Alnehayan
- Completed
- 2009
- Service charge
- AED 20,300 /yr
- Last sold
- AED 1.6M · April 2016
- Building
- V3 Tower
About 705, V3 Tower
705 is a two-bedroom apartment of 1,625 sqft on the 7th floor of V3 Tower, a 37-storey tower in Jumeirah Lake Towers (JLT) completed in 2009 by Sheikh Suroor Bin Mohd Alnehayan. It last sold on 26 April 2016 for AED 1,600,000, or AED 984 per sqft, 16% above the AED 849 two-beds in the building were fetching at the time.
It has been rented continuously since 2017 on 5 Ejari contracts. The current contract, signed on 15 June 2021, is AED 85,000 a year: a gross yield of 5.3% on the 2016 price, before the service charge of about AED 20,300 a year.
Sales and rents for 705 over time
705 has sold twice; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in V3 Tower, and where 705 sits
All 126 2-beds →705 last sold in April 2016 at AED 984 per sqft, 16% above what two-beds in V3 Tower were fetching at the time (AED 849). Over the last 12 months two-beds sold for AED 1,400,000 to 2,300,000, around AED 1,347 per sqft, and rent for AED 90,000 to 160,000 a year. 705's AED 85,000 is at the bottom of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 28 Jul 202628 July 2026 | 1,625 sqft | 2,100,000 | 1,292 | ||
| 24 Jul 202624 July 2026 | 1,625 sqft | 2,300,000 | 1,415 | ||
| 12 Jan 202612 January 2026 | 1,348 sqft | 1,400,000 | 1,038 | ||
| 11 Dec 202511 December 2025 | 1,625 sqft | 2,190,000 | 1,347 |
V3 Tower
Building328 apartments, 1-bed to 3-bed over 37 floors in Jumeirah Lake Towers (JLT), completed in 2009 by Sheikh Suroor Bin Mohd Alnehayan. 13 sold in the last 12 months.
- Typical price per sqft
- AED 1,292 Up 4.0%
- Typical sale
- AED 1.1M
- Typical rent
- AED 85K /yr
- Typical yield
- 7.1%
Other units on the 7th floor
All 328 units in V3 Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 701 | 2-bed | 1,348 sqft | AED 438KAED 437,983 · Sep 2011September 2011 | 100,000 /yr | |
| 702 | 1-bed | 806 sqft | AED 1.03MAED 1,025,000 · May 2025May 2025 | 54,120 /yr | |
| 703 | 1-bed | 423 sqft | AED 400KAED 400,000 · Jan 2024January 2024 | 125,000 /yr | |
| 704 | 1-bed | 811 sqft | AED 628KAED 628,153 · May 2010May 2010 | ||
| 706 | 2-bed | 1,625 sqft | AED 1.5MAED 1,500,000 · Aug 2023August 2023 | 135,000 /yr | |
| 707 | 1-bed | 811 sqft | AED 617KAED 617,238 · Jul 2013July 2013 | 74,000 /yr | |
| 708 | 1-bed | 846 sqft | AED 888KAED 888,000 · Jul 2013July 2013 | 80,000 /yr | |
| 709 | 1-bed | 805 sqft | AED 523KAED 523,341 · Mar 2011March 2011 | 77,000 /yr | |
| 710 | 2-bed | 1,310 sqft | AED 1.3MAED 1,300,000 · Nov 2022November 2022 |
705, V3 Tower in numbers
- Sold twice: first on 23 November 2015 for AED 1,081,055, last on 26 April 2016 for AED 1,600,000 (AED 984 per sqft).
- Rented since April 2017 on 5 Ejari contracts, from AED 140,000 to AED 85,000 a year.
- At AED 85,000 a year the gross yield on the 2016 price is 5.3%, before a service charge of about AED 20,300 a year (AED 12.46 per sqft).
- Two-beds in V3 Tower sold for AED 1,400,000–2,300,000 in the 12 months to November 2026; the building's median across all types is AED 1,292 per sqft.
Source: Dubai Land Department. Updated 15 June 2021.
Questions about 705, V3 Tower
What did unit 705 last sell for?
AED 1,600,000 on 26 April 2016: AED 984 per sqft for 1,625 sqft. The unit has 2 registered sales; the first was AED 1,081,055 in November 2015.
What is the rent for unit 705?
AED 85,000 a year on the contract signed on 15 June 2021. The previous contract, from June 2020, was AED 85,000; the unit has been rented since April 2017.
How big is unit 705?
1,625 sqft (151.0 sqm): a two-bedroom apartment on the 7th floor of a 37-storey tower completed in 2009.
What is unit 705 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in V3 Tower sold for AED 1,400,000 to 2,300,000 in the last 12 months, around AED 1,347 per sqft.
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Mortgage on 705, V3 Tower
Starts from the last sale price (AED 1.6M, 26 April 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 1,600,000
- Deposit, UAE resident (20%)
- AED 320,000
- Deposit, non-resident (40%)
- AED 640,000
- Monthly over 25 years at 3.7%
- AED 6,546
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →